Rollbit Price Prediction as Largest Crypto Casino Competitor Stake Gets Hacked – Will Whales Move to RLB?
The price of Rollbit Coin (RLB) has gained by 4% in the past 24 hours, reaching $0.165899 after one of its rival online casinos, Stake, was hacked for $41 million.
RLB is now down by 9% in a week, yet the altcoin remains up by an impressive 49% in the last 30 days and by more than 9,000% in the past year.
This makes it one of the best-performing tokens in the top-100 cryptocurrencies by market cap, and with Stake potentially suffering a serious blow to its reputation, Rollbit's growth may only accelerate further from here on out.
Rollbit's chart and indicators unsurprisingly show some real momentum right now, with its relative strength index (purple) rising above 50 and potentially on course to rise even higher in the coming days.
Similarly, RLB's price is just about to rise above its 30-day moving average (yellow), a sign that the token is gaining momentum and attracting rising buying interest.
This means that RLB could rise as high as $0.18 before running out of steam, with the main reason for its bullishness today being the aforementioned hack of Stake.
According to Stake's own Twitter account, the platform's hot wallets were breached by an attacker and drained of funds, with some sources reporting that the lost amount could be as much as $41 million.
While Stake has posted that "user funds are safe," the loss of the $41 million may potentially damage the platform to the point where it suffers a run of withdrawal requests, which the cryptocurrency industry knows only too well can have disastrous consequences.
Conversely, the hack has apparently had a beneficial effect on the native token of Rollbit, which is one of Stake's main rivals.
And going forward, any long-term reputational damage to Stake may have the corresponding
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